Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$655M |
| 2 |
Coty
COTY
|
+$380M |
| 3 |
ConocoPhillips
COP
|
+$250M |
| 4 |
Zimmer Biomet
ZBH
|
+$213M |
| 5 |
Valero Energy
VLO
|
+$170M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$375M |
| 3 |
SHPG
Shire pic
SHPG
|
+$362M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$310M |
| 5 |
CELG
Celgene Corp
CELG
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 18.04% |
| 2 | Healthcare | 13.57% |
| 3 | Technology | 12.05% |
| 4 | Financials | 10.74% |
| 5 | Consumer Discretionary | 9.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2276
Marchex
MCHX
$80.3M
| $2.36M | ﹤0.01% |
499,387
+445,658
| +829% | +$1.82M |
|
2277
Archer Daniels Midland
ADM
$38.1B
| $2.36M | ﹤0.01% |
54,638
-2,511,849
| -98% | -$107M |
|
|
HIVE
2278
DELISTED
Aerohive Networks
HIVE
| $2.35M | ﹤0.01% |
519,942
+58,416
| +13% | +$241K |
|
2279
Franco-Nevada
FNV
$52.3B
| $2.35M | ﹤0.01% |
31,365
-162,868
| -84% | -$12.1M |
|
|
ERF
2280
DELISTED
Enerplus Corporation
ERF
| $2.35M | ﹤0.01% |
279,941
-552,219
| -66% | -$4.75M |
|
|
LGF.A
2281
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $2.35M | ﹤0.01% |
150,407
-132,826
| -47% | -$2.2M |
|
2282
Caesars Entertainment
CZR
$6.04B
| $2.35M | ﹤0.01% |
50,326
-397,757
| -89% | -$18.1M |
|
2283
Hooker Furnishings Corp
HOFT
$145M
| $2.35M | ﹤0.01% |
81,443
-33,596
| -29% | -$987K |
|
|
MNTA
2284
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $2.35M | ﹤0.01% |
161,628
-96,844
| -37% | -$1.24M |
|
2285
Pembina Pipeline
PBA
$28.1B
| $2.35M | ﹤0.01% |
63,824
-16,077
| -20% | -$569K |
|
2286
Exelixis
EXEL
$13.7B
| $2.34M | ﹤0.01% |
98,476
-1,375,849
| -93% | -$31.4M |
|
2287
Camtek
CAMT
$6.76B
| $2.34M | ﹤0.01% |
262,440
+160,291
| +157% | +$1.3M |
|
2288
XBiotech
XBIT
$70.1M
| $2.34M | ﹤0.01% |
212,348
+163,312
| +333% | +$1.32M |
|
2289
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $2.34M | ﹤0.01% |
50,000
| – | – |
|
2290
CALL
Encompass Health
EHC
$11.8B
| $2.34M | ﹤0.01% |
+50,280
| New | +$2.55M |
|
2291
NMI Holdings
NMIH
$3.37B
| $2.33M | ﹤0.01% |
90,095
-97,565
| -52% | -$2.23M |
|
|
ONDK
2292
DELISTED
On Deck Capital, Inc.
ONDK
| $2.33M | ﹤0.01% |
430,007
-701,118
| -62% | -$4.44M |
|
|
TACO
2293
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $2.33M | ﹤0.01% |
231,216
+39,615
| +21% | +$412K |
|
|
AQUA
2294
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $2.32M | ﹤0.01% |
+184,558
| New | +$2.2M |
|
|
ETJ
2295
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$570M
| $2.32M | ﹤0.01% |
252,047
+236,002
| +1,471% | +$2.07M |
|
|
HOLX
2296
DELISTED
Hologic
HOLX
| $2.31M | ﹤0.01% |
47,794
-1,259,233
| -96% | -$56.8M |
|
2297
PUT
Hain Celestial
HAIN
$64.1M
| $2.31M | ﹤0.01% |
+100,000
| New | +$1.93M |
|
2298
Aptiv
APTV
$9.43B
| $2.3M | ﹤0.01% |
28,984
+8,414
| +41% | +$646K |
|
2299
Abercrombie & Fitch
ANF
$6.48B
| $2.29M | ﹤0.01% |
83,641
-143,193
| -63% | -$3.21M |
|
2300
US Bancorp
USB
$97.2B
| $2.29M | ﹤0.01% |
47,589
+32,487
| +215% | +$1.63M |
|
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Israel Englander's Q1 2019 Portfolio in Review
As of Q1 2019, Israel Englander held 4,608 positions worth $66.8B, up 4.2% from $64.1B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.
Israel Englander withdrew a net $10.1B in Q1 2019, closing 675 positions and reducing 1,467 holdings. Its most notable exit was Merck, an estimated $375M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 18% of assets, up from 11% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Israel Englander opened a new position in Zimmer Biomet worth $232M.
- Israel Englander's largest Q1 2019 buy was Zimmer Biomet: 1,870,503 shares worth $232M.
- Israel Englander added most to Walt Disney in Q1 2019, an estimated $655M increase.
- Israel Englander's biggest Q1 2019 reduction was Apple, cutting an estimated $523M.
- Israel Englander fully exited Merck in Q1 2019, selling an estimated $375M.
- Israel Englander's ten largest holdings make up 7.1% of its $66.8B portfolio in Q1 2019.
- Israel Englander opened 914 new positions and closed 675 in Q1 2019.
- Israel Englander's portfolio value rose 4.2% quarter-over-quarter to $66.8B.
Based on Millennium Management's 13F filing for Q1 2019, filed 14 May 2019.